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Global Operating Table Market to Grow at a CAGR of 2.9% in the Forecast Period, Aided by Rapid Technological Advancements in the Healthcare Industry

According to a new report by EMR titled, ‘Global Operating Table Market Report and Forecast 2021-2026’, the global operating table industry is likely to grow at a CAGR of about 2.9% in the forecast period of 2021-2026 to reach USD 980 million by 2026. The growth is driven by the rising investment in the healthcare industry.

The global operating table market has seen a consistent rise over the past several years across different regions. This rapid growth has been a result of increased and improved R&D in the field. Such development has led to specialised operating tables being introduced in the market, with newer tables having finer adjustments and disease-specific utilities. This influx of newer and improved operating tables has caused end-use industries to update their apparatus, thus increasing the demand for the product. Since most health-care entities prefer to diversify their service, they find this a lucrative investment. Moreover, the recent COVID-19 pandemic has also pushed more countries to improve their healthcare facilities, which is anticipated to be another factor in stimulating demand for operating tables.

The demand has been high in the North American and European sectors, which already have a robust system of sophisticated hospital networks. The CAGR is expected to be high in the Asia Pacific sector, because of high populations and a vast scope for healthcare sectors to expand to untapped regions.

Hill-Rom Holdings (NYSE: HRC) has been a leading player in this market with a considerable range of products in the medical sector, offering products like smart-beds and surfaces, and other forms of healthcare-furniture. Other market players like Skytron LLC and Steric pls also offer considerable options in the market, thus offering a choice for end-users to choose between options. This can be expected to add to the industry growth in the forecast period 2021-2026.

Market Analysis by Product Type, Form, Application, and Regions:

  • Operating tables can be differentiated by product type as general tables, imaging tables, neurology tables, urology and cysto tables, amongst others.
  • The market can be segmented on the basis of technology into powered and non-powered, amongst others.
  • The industry may be divided on the basis of end-use into hospitals, clinics, ambulatory operating centres and trauma centres, amongst others.
  • The regional markets for operating tables include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Important technological advancements in operating tables have caused a rise in demand for operating tables. 
  • Since hospitals want to improve their revenue, they can choose to incorporate specialised hospital beds as an investment.
  • Increasing disposable incomes, greater urbanisation, and better technologies across the world will cause more people across the world to make use of these facilities.
  • Large untapped markets in regions of high population, especially in the Asia Pacific region can help the sector to grow more in the forecast period 2021-2026.

Key Offerings of the Report:

  • The EMR report gives an overview of the global operating table industry for the periods (2016-2020) and (2021-2026). 
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the product type, form, application, and regions of operating tables.  
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.   
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the operating table market are Hill-Rom Services, Skytron LLC, Steris plc, Aga Sanitätsartikel GmbH, Denyers International Pty, Getinge AB, and Medifa GmbH & Co. KG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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